Fairfax Financial (TSE:FFH) PT Raised to C$2,000.00

Fairfax Financial (TSE:FFH) had its target price boosted by analysts at Scotiabank from C$1,900.00 to C$2,000.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 34.57% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Cormark upped their price objective on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. CIBC upped their price objective on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Royal Bank of Canada upped their price objective on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. National Bankshares upped their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial presently has an average rating of “Buy” and a consensus target price of C$1,775.00.

Fairfax Financial Stock Down 0.0 %

Shares of TSE FFH opened at C$1,486.20 on Friday. Fairfax Financial has a 12-month low of C$910.44 and a 12-month high of C$1,563.49. The company has a market cap of C$32.90 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.27 and a beta of 0.86. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98. The stock has a fifty day moving average price of C$1,471.83 and a 200 day moving average price of C$1,321.30.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a net margin of 13.76% and a return on equity of 20.09%. The company had revenue of C$9.40 billion during the quarter, compared to analyst estimates of C$10.25 billion. Research analysts anticipate that Fairfax Financial will post 189.55125 EPS for the current fiscal year.

Insider Transactions at Fairfax Financial

In related news, Director Christine N. Mclean purchased 80 shares of Fairfax Financial stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the transaction, the director now owns 589 shares of the company’s stock, valued at approximately C$795,138.22. In other Fairfax Financial news, Director Christine N. Mclean bought 80 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the acquisition, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Over the last 90 days, insiders have purchased 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. Corporate insiders own 3.63% of the company’s stock.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.